Forex Charts
Technical Analysis: Technical Alert: Riskier assets look a little bit better today
EURUSD is still in range but may test its upper end… USDJPY is challenging BOJ – is there a line in the sand at 76.25? EURCHF is UP 300pips form its overnight low of 1.0075(!!!) – where next??? EURSEK filled an upside objective yesterday and is thought to range inside 9.19\29… EURNOK may still try […]
Daily FX Technical Strategy – Risk rout
News over the weekend completely swamped the impact of better than expected NFP numbers. Wholesale risk reduction has taken hold with material chart damage inflicted on European and Asian equity markets.
Technical Analysis: Technical Alert: AA+ is a new ballpark…
It’s all about how the S&P downgrade of U.S. debt will be priced in… EURUSD is the pair with two unwanted currencies and thus the outcome is more clouded than ever. Watch 1.4285\1.4454 for clues… S&P500 has levels below yet to be tested (1160/1130)…
Global Technical Watch – Quick Charts (Aug 8)
Amidst market turbulence, one of the measures of whether fear is extreme is the VIX index (reflecting protection purchasing in US equities in times of uncertainty). However, it is not just the absolute value of the VIX index (which is at levels of the correction last summer), it is also the pace of the rise […]
Technical Analysis: Technical Alert: Panic rout out of “riskier” assets
Stocks in a complete surrender with “riskier” FXers such as SEK, NOK, AUD, NZD and EMs all in a tailspin… CHF still strong and USD also benefits on this and at large also JPY… Bonds soar…
Technical Analysis: Technical Alert: Interventions stems CHF & JPY strength
SNB & BOJ interventions are on the fore (while ongoing, really not the best environment for techs)… USDJPY over 78.05 (now support) should lead to further gains, but the 55day EMA band, starting at 79.30, provides resistance… EURCHF over 1.1205 would target 1.1365\1.1495. Below 1.0896 would confuse…
Daily FX Technical Strategy – Dark clouds gather
Falling equity markets in the Eurozone (the Italian market posted a two-year low yesterday), combined with widening yield spreads and rising CDS prices, highlights that contagion from the peripheries is intensifying and even the likes of the Dax are starting to falter.
Technical Analysis: Technical Alert: CHF & NOK gains on poor data
Next set of data rules it seems… Today the calendar is barren from key stuff, so perhaps room for a breather in which EURCHF & USDJPY may bounce some (but longs in those are only for those thinking catching falling knives are fun)… EURCHF could re-test the mid-1.13s before down, while USDJPY 78.05 must be […]
Technical Analysis – FX Daily Majors – August 1
Today’s highlights: USD/JPY: Again quickly below and back above key wedge support from 2008 hints at a bottom ahead of the 76.25 all time low. Only though 78.55/75 signals a better basing USD/CHF: Cautious bounce after aggressive extension to our Fibonacci objective at .7845. A move back above .8048 minimally required to even hint at […]
Global Technical Watch – Quick Charts (Aug 1)
Around the much anticipated headlines streaming from the US, the backdrop for the US dollar remains largely weak particularly against Asian and commodity currencies. US 2y yields are dipping towards all time lows at 31bp and although both 2s and the S&P 500 are holding within range, we highlight the levels to overcome to suggest […]
Technical Analysis: Better risk on a US debt deal near at hand
Stocks have gap-opened higher, but there is more ground to cover (resistance to break) to guard last week’s lows… EURUSD must break outside 1.4220\1.4450 to show fresh direction… GBPUSD holds a medium-term important 1.6550 ref on the radar…
Global Technical Watch – Quick Charts (July 28)
With the USD maintaining a strong bearish tone following the US Dollar Index’s drop below trendline support early last week, commodity currencies and several Asian currencies continue to lead the charge higher. AUD/USD pushed to a high not seen since 1982 and is on course to hit 1.1200, especially as commodities stay buoyant.